Australia's InFocus Group jumps on $1.5 mln stablecoin deal

Infocus group

03/03/2025 23:16

** Shares of Australia's InFocus Group IFG.AX rise 41.2% to A$0.024; hit highest since late January

** Data intelligence firm says it has been engaged to develop a cross-border stablecoin-based payment platform in a $1.52 mln service agreement

** Agreement with GBO Assets, a company domiciled in the

Seychelles

** Stock down 42.1% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))